Indian Firms Raise Record 25 Billion in Equity

Indian companies raised a record 25.27 billion dollars in equity funds during the first half of fiscal 2027. Strong domestic liquidity and a backlog of initial public offerings drove the surge despite a secondary market slump.

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A screen displays a message of the National Stock Exchange (NSE) listing ceremony at the Bombay Stock Exchange (BSE) in Mumbai, India, September 24, 2026. REUTERS/Francis Mascarenhas

Indian companies raised $25.27B in equity during the first half of fiscal 2027, defying a secondary market slump. The fundraising jumped 75% year-on-year across India, according to PRIME Database Group data released on Thursday morning. The record capital deployment contrasted sharply with the benchmark Nifty 50, which inched up just 1.3% over the same period.

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